This is a depreciation recapture. However, if taxpayer instead sells the property for $1200, because his recomputed basis is $600, $400 of the gain is taxed as ordinary income and $200 is taxed at the more favorable capital gains tax rate.
The tuition charge is $10,088 while room and board is $8,270, books and supplies are $1,130 and other fees come in at $1,929. Residents of Virginia pay an annual total price of $21,417 to attend Virginia Tech on a full time basis.
Virginia Polytechnic Institute and State University can be found in Blacksburg, VA, a public college which focuses on only a select few programs offered. The students enrolled at Virginia Tech number around 32,000 each year, and is one of the largest universities in the state.A large majority of students at Virginia Tech scored in the range of 1660 (25th percentile) to 1960 (75th percentile) on the SAT exam.he overall acceptance rate for Virginia Polytechnic Institute and State University was reported as 70.3% in Fall 2013 with over 19,100 college applications submitted to Virginia Polytechnic Institute and State University. Both in state and out of state applicants are included in these figures.